If you are involved in international trade, you may have come across the HS Code 99040470. This code is specifically assigned to dairy products falling under Chapter 4 of the Harmonized System (HS) classification. In this article, we will delve into the details of this HS code and explore the various aspects related to it.
The HS Code 99040470 refers to dairy products falling under Chapter 4 of the HS classification. These products are further classified under the subheadings 0404.90.50, 1901.90.43, 1901.90.47, and 2105.00.40. The specific products included within this code are subject to the addl US note 1 and are entered in the value safeguard period, with a price range of $0.70 to $0.899 per kilogram.
The bound / MFN duty rate for dairy products under HS Code 99040470 is 25.3 cents per kilogram. It is important to note that the MFN (Most Favored Nation) principle dictates that every time a country lowers a trade barrier or opens up a market, it must do so for the same goods or services from all its trading partners. This ensures fair and equal treatment in international trade.
The quantity unit for dairy products under HS Code 99040470 is kilograms (KG). This means that the weight of the products imported or exported will be measured in kilograms.
Various countries have established special tariff preference programs to facilitate trade and establish favorable conditions for certain goods. While not explicitly mentioned in the provided data, it is worth exploring if there are any special tariff preference programs applicable to dairy products under HS Code 99040470. These programs can offer reduced duty rates or exemptions, providing a competitive advantage to traders.
As the provided data does not specify the importing and exporting US states for dairy products under HS Code 99040470, we can assume that these products are traded between multiple states within the United States. Dairy products are an essential part of the American agricultural industry, and the US has a significant domestic dairy market.
HS Code 99040470 encompasses a range of dairy products falling under Chapter 4 of the HS classification. These products are subject to specific subheadings and are entered in the value safeguard period. Understanding the HS code and its associated details is crucial for international traders and policymakers to ensure compliance and facilitate smooth trade operations.